Funding you earn now, next payment 03:00 UTC−0.0273%/8h= −29.9% APRpaid last 24h −0.066%
Price spread now: Lighter against Binance−0.039%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 2 days (all we have)−0.025%−$3 · spread now −0.039%, 7d avg −0.075%
=Together, before fees−0.133%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.037% dearer against Binance than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.075%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.108% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.108% in total (about -5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CBRSUSDT | 209.08 | 0.0305 | pay 0.0305% / 8h | 5h 59m | $10.3M | $29.4M | 25x |
| Short | Lighter CBRS | 209.00 | 0.0032 | get 0.0004% / 1h | 59m 27s | $90K | $822K | 10x |
Binance CBRSUSDT
Lighter CBRSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$57.42
- Price spread: −0.039% → −0.075%
- $3.69
- Slippage, 4 orders
- −$30.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$93.89
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Lighter: live order book, 66 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 12 min ago | 0.72 bp | 12.8 bp −$13 | 28.8 bp −$288 | 149.7 bp −$15.0K | doesn't fit |
| Sell Lighter live order book, 66 min ago | 4.05 bp | 13.3 bp −$13 | 16.1 bp −$161 | doesn't fit | doesn't fit |
CBRS on 25 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CBRS | −0.0413% | 1h | 208.92 | −0.077% | $42.8M | $3.5M | 10x | as long as short |
| edgeX CBRSUSDC | −0.0276% | 4h | 209.15 | +0.033% | $24K | $221K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0040% | 1h | 208.44 | −0.306% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.16 | +0.040% | $66K | $147K | 20x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 209.12 | +0.019% | $2.2M | $3.5M | 25x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.14 | +0.028% | $2.4M | $2.7M | 20x | as long as short |
| GRVT CBRS_USDT_Perp | 0.0000% | 8h | 209.25 | +0.082% | $789 | $206K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.46 | +0.181% | $855 | $3.0M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.21 | +0.062% | $9K | $9K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 208.81 | −0.129% | — | $94K | 10x | as long as short |
tradeXYZ xyz:CBRS
edgeX CBRSUSDC
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
OKX CBRS-USDT-SWAP
Bitget CBRSUSDT
GRVT CBRS_USDT_Perp
SunX CBRS-USDT
HTX CBRS-USDT
Vest CBRS-USD-PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter CBRSshort | +0.0032% | 1h | 209.00 | −0.039% | $90K | $822K | 10x | |
| QFEX CBRS-USD | +0.0038% | 1h | 208.97 | −0.053% | $1.1M | $3.3M | 10x | as long as short |
| Phoenix CBRS | +0.0038% | 1h | 209.05 | −0.015% | $1K | $108K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 208.96 | −0.058% | $55K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.18 | +0.048% | $339K | $737K | 10x | as long as short |
| Bybit CBRSUSDT | +0.0052% | 8h | 209.15 | +0.033% | $2.1M | $1.9M | 25x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.14 | +0.028% | $114K | $118K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.12 | +0.019% | $24K | $138K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.12 | +0.019% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.16 | +0.040% | $243 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0117% | 8h | 209.30 | +0.105% | $2.9M | $3.0M | 50x | as long as short |
| Variational Omni CBRS | +0.0276% | 8h | 209.14 | +0.028% | $423K | $120K | — | as long as short |
| Binance CBRSUSDTlong | +0.0305% | 8h | 209.08 | long leg | $10.3M | $29.4M | 25x | |
| Extended CBRS_24_5-USD | +0.0312% | 1h | 209.03 | −0.023% | $46K | $268K | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | +0.0659% | 1h | 209.19 | +0.052% | $12K | $5K | 10x | as long as short |
QFEX CBRS-USD
Phoenix CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Bybit CBRSUSDT
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Gate CBRS_USDT
Variational Omni CBRS
Extended CBRS_24_5-USD
Deribit CBRS_USDC-PERPETUAL